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Property profile & analytics
OFF-MARKET
Estimated value
$13,900,000
Medical Office Space
3333 Cattlemen Rd Sarasota, FL 34232-6056
Entity Owned
24-yr Hold
~
Est. High Equity
Property ID
US18-1240190
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2002
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
47,592 SF
Lot
3.64 ac (158,677 SF)
Zoning code
ILW
APN
0065-09-0005
UPID
US18-1240190
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Dr. Richard S. Morse, MD Physician
-
Cattlemen Gynecology - Intercoastal Medical Group Physician Medical Clinic
-
Jon Yenari, MD - Intercoastal Medical Group Physician Medical Clinic
-
Cattlemen Urology - Intercoastal Medical Group Medical Clinic
-
Cattlemen Gastroenterology - Intercoastal Medical Group Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$13.44M
Comparable Approach
Comparable
$16.22M
Blend (final)
Blend
$13.90M
Owner & transaction history
Cattleridge Medical Partners · 24 yrs held
Cattleridge Medical Partners
since 2001
4 recorded transactions
Zoning & alternative use
ILW · Sarasota, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$20.9M
+10.5%
Office building
$19.6M
+3.3%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Sarasota submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Sarasota submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$14,560,000
6.5%
$13,440,000
7%
$12,480,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$18,920,000
Current use
AUTO REPAIR, GARAGE
$20,910,000
Change: +11% · Conversion: Difficult
OFFICE BUILDING
$19,550,000
Change: +3% · Conversion: Easy
RETAIL STORES
$18,790,000
Change: -1% · Conversion: Difficult
Blend value · Realmo final
$13.90M
Range $12.51M – $15.29M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$292 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$114,762
Tax year 2023
Assessed value
$8,726,800
Assessed 2023
Previous assessed
$8,726,800
+0.0% YoY
Effective rate
1.32%
On assessed value
Assessed land
$1,509,300
Assessed improvement
$7,217,500
Land market value
$1,509,300
Improvement market value
$7,217,500
Total market value
$8,726,800
Applied tax rate
100.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2002
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
2
Rooms
5
Bathrooms
2
Total area
47,592 SF
Lot
3.64 ac (158,677 SF)
Zoning code
ILW
APN
0065-09-0005
UPID
US18-1240190
Jurisdiction
SARASOTA
Zoning & alternative use
ILW · Sarasota, FL
Zoning ILW · permitted uses
ILW · Sarasota, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Sarasota. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$18.9M
AUTO REPAIR, GARAGE
Est. value
$20.9M
OFFICE BUILDING
Est. value
$19.6M
RETAIL STORES
Est. value
$18.8M
MEDICAL BUILDING Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2002
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
2
Rooms
5
Bathrooms
2
Lot
3.64 ac
Current owner
From public records · entity-resolved
Cattleridge Medical Partners
Entity
Mailing address
5969 CATTLERIDGE BLVD STE #200, SARASOTA, FL 34232-6050
Ownership since
2001
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 17, 2001
$1,500,000
Cattleridge Medical Partners
Chen,max & Deloris F
Grant Deed
$600,000 · West Coast Guaranty Bank NA
—
—
Cattleridge Medical Ptrs LLC
—
Loan Modification
related
$273,988 · Miscellaneous Ins Co
—
—
Max B Cohen
—
Deed Of Trust
related
$165,600 · Liberty Investment Mortgage Co
—
—
Cattleridge Medical Ptrs LLC
—
Deed Of Trust
related
$275,588 · Wachovia Bank NA
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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